Sarasin & Partners LLP Acquires New Shares in e.l.f. Beauty, Inc. (NYSE:ELF)

Sarasin & Partners LLP bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,245 shares of the company's stock, valued at approximately $4,927,000. Sarasin & Partners LLP owned about 0.07% of e.l.f. Beauty at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ELF. Diversify Advisory Services LLC lifted its position in e.l.f. Beauty by 356.1% during the 4th quarter. Diversify Advisory Services LLC now owns 9,761 shares of the company's stock worth $1,219,000 after buying an additional 7,621 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in e.l.f. Beauty by 21.8% during the fourth quarter. Diversify Wealth Management LLC now owns 5,456 shares of the company's stock worth $681,000 after acquiring an additional 978 shares in the last quarter. Liberty One Investment Management LLC boosted its position in e.l.f. Beauty by 26.2% during the fourth quarter. Liberty One Investment Management LLC now owns 5,862 shares of the company's stock valued at $736,000 after purchasing an additional 1,217 shares during the last quarter. Park Avenue Securities LLC grew its stake in e.l.f. Beauty by 30.8% in the fourth quarter. Park Avenue Securities LLC now owns 9,651 shares of the company's stock valued at $1,212,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $223,000. Institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a report on Friday, December 13th. They issued a "buy" rating and a $165.00 price objective for the company. DA Davidson reiterated a "buy" rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research note on Thursday, December 19th. UBS Group boosted their price objective on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a "buy" rating in a research note on Thursday. Jefferies Financial Group cut their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, B. Riley lowered their price target on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $169.06.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last ninety days. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

NYSE ELF traded down $6.74 during trading on Monday, reaching $127.17. The company's stock had a trading volume of 1,966,609 shares, compared to its average volume of 976,643. The firm has a 50 day moving average price of $129.27 and a 200 day moving average price of $136.48. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The firm's quarterly revenue was up 39.7% compared to the same quarter last year. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.